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Some companies choose to avoid assigning incidental costs of acquiring merchandise to inventory by recording them as cost of goods sold when incurred. The principle
Some companies choose to avoid assigning incidental costs of acquiring merchandise to inventory by recording them as cost of goods sold when incurred. The principle that supports this is called:
Multiple Choice
The materiality constraint.
The expense recognition principle.
The conservation constraint principle.
The lower of cost or market principle.
The cost principle.
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